IPhone X sales reportedly below expectations

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A leading Apple analyst says that Apple's resources may be stretched too thin to come out with a successor to its tiniest iPhone.

Sacconaghi of Bernstein had originally predicted that Apple would outpace Wall Street expectations of 62 million iPhones by selling 66 million units, but on Monday he cut that figure to 53 million units, a almost 20-percent cut.

They end their report by stating that "Apple did not comment on production plans for the iPhone X in response to The Nikkei's inquiry", to make it sound more dramatic when we explained earlier that it's Apple's required "quite period" and the Nikkei knows that. As the story goes, consumers are having a tough time wrapping their heads around the $999 starting price.

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One of the main reasons for the iPhone X's lackluster performance seems to be the price. The projected weak iPhone X sales are not likely to have a negative impact on the overall growth of iPhone models in the market. Apple depends on foreign markets to drive more than two-thirds of total iPhone sales. However, the 6.1-inch LCD model is particularly expected to help Apple grow the shipments of iPhones by up to 10 percent in the entire 2018 calendar year. According to Forbes, Kuo's note pegs the 6.1-inch, mid-range LCD iPhone model that Apple is rumored to be launching later this year as the "iPhone X SE".

Despite the souring outlook for iPhone X sales, analysts expect that Apple will unveil a record profit of $19 billion when it reports its quarterly financial... Following a downgrade to an investment recommendation for Sony last week, other iPhone X-related Japanese electronic parts manufacturers also saw their share prices decline.

Meanwhile, iPhone SE 2 has also been rumoured to be arriving in March with an A10 Fusion chip, 2GB of RAM, and 32GB and 128GB storage capacities, and a slightly larger 1,700 mAh battery.

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